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Clampdown on car finance commission 'to save drivers £165m' - MSE News
Former_MSE_Naomi
Posts: 519 Forumite
Motorists are predicted to save around £165 million a year under new proposals from the financial regulator to ban dealers from taking commission linked to the interest rate on car financing...
Read the full story:
'Clampdown on car finance commission 'to save drivers £165m''
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'Clampdown on car finance commission 'to save drivers £165m''
Click reply below to discuss. If you haven’t already, join the forum to reply.
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Comments
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£165,000,000 sounds a lot. But ...
In round terms, 10million cars are sold annually in the UK (2 millon new, 8 million used). If half of those involve credit, then the average customer may save about £30.
Forgive me if I don't get too excited.0
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